Mar 23, 2012 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Application Software industry with the lowest earnings yields. Earnings yield is useful to compare the relative benefit of owning a stock vs. owning other yield assets such as bonds. If the earnings yield is higher, stocks may be considered undervalued.Mitek Systems ranks lowest with a an earnings yield of 0.2%. Ultimate Software is next with a an earnings yield of 0.2%. QLIK Technologies ranks third lowest with a an earnings yield of 0.4%.
Pegasystems follows with a an earnings yield of 0.7%, and MicroStrategy rounds out the bottom five with a an earnings yield of 1.0%.
SmarTrend recommended that subscribers consider buying shares of Mitek Systems on December 8th, 2011 as our technology indicated a new Uptrend was in progress when shares hit $8.34. Since that recommendation, shares of Mitek Systems have risen 37.9%. We continue to monitor Mitek Systems for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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